Home Tag "ACWA Power"

Acwa Power appoints Shanghai Electric as EPC contractor for fifth phase of Dubai solar park

Saudi Arabia’s Acwa Power appointed Shanghai Electric as the engineering, procurement and construction (EPC) contractor for the fifth phase of the Mohammed bin Rashid Solar Park in Dubai. The 900 MW photovoltaic plant, which has a project value of $564 million (Dh2.07 billion), is the first utility scale solar power plant to operate remotely with […]

Net-metering gaining favour throughout Middle East and Africa

THE WORLD’S LARGEST ‘GREEN HYDROGEN’ PROJECT WILL SUPPLY 650 TON/D HYDROGEN

  Air Products (Lehigh Valley, Pa), in conjunction with ACWA Power and NEOM, announced the signing of an agreement for a $5-billion world-scale green hydrogen-based ammonia production facility powered by renewable energy. The project, which will be equally owned by the three partners, will be sited in NEOM, a new model for sustainable living located […]

Breaking News – GUVNL 700MW eRA

ACWA Power and Silk Road Fund announce the completion of partnership over ACWA Power Renewable Energy Holding Ltd

Summary UAE, Dubai: ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants recently announced the completion of the transaction to introduce Silk Road Fund as a partner and a 49% shareholder in ACWA Power Renewable Energy Holding Ltd (ACWA Power RenewCo). ACWA Power RenewCo is ACWA Power’s renewable energy […]

Breaking News – GUVNL 700MW eRA

ACWA POWER’S MAIDEN 144A-REGS ACWA 39 BOND SECURES INVESTMENT GRADE (BBB-) RATING FROM FITCH

Summary Riyadh, Kingdom of Saudi Arabia: ACWA Power Investment & Management One Ltd. (“APMI One”) as the issuer is pleased to announce that Fitch Ratings (“Fitch”) has assigned the 814 MUSD 5.95% p.a. senior secured Bonds due 2039 (“ACWA 39”) a ‘BBB-‘ rating with a ‘Stable’ outlook. The Bond, issued in May 2017 by ACWA Power’s […]

Net-metering gaining favour throughout Middle East and Africa

AIIB weighs funding support for Oman’s first solar PV project

AIIB weighs funding support for Oman’s first solar PV projectThe Asian Infrastructure Investment Bank (AIIB), a multilateral development bank with a mandate to support infrastructure development in the Asia-Pacific region, has revealed that it is studying a request for around $60 million in funding support from the developers of Oman’s first utility-scale solar PV project. […]

Net-metering gaining favour throughout Middle East and Africa

ACWA Power to drive solar energy development in Ethiopia

Signs a 20-year PPA agreement for 250 MWac PV projects The first of a kind in the Ethiopian utilities landscape The PV projects are estimated to power 750,000 homes in Ethiopia and offset 320,000 tonnes of carbon dioxide per year Ethiopia, Addis Ababa: ACWA Power, a leading international developer and operator of power generation and […]

Net-metering gaining favour throughout Middle East and Africa

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